Hermès Defies Luxury Market Slump with Strong Q2 Sales Growth

Despite a challenging economic environment, Hermès reports double-digit growth, outpacing competitors in key regions.

Hermès achieved a 13.3% increase in Q2 2024 sales, surpassing expectations.
The company saw significant growth in Europe and Japan, with sales rising 18% and 19.5%, respectively.
Sales in Asia excluding Japan rose by 5.5%, maintaining stability in China despite a broader market downturn.
Key product categories like leather goods and ready-to-wear showed robust performance, while watches and silk saw declines.
Hermès continues to invest in production capacity and new store openings, reinforcing its market position.